The June 2018 Cheesy Index update is an interesting one. Firstly as we also included April and May. This was obviously because we were travelling and could no do much over the past months on the financials. I also quite my job, so we have a lot less income. But mostly because of the final results! Let’s have a look shall we?

June 2018 Cheesy Index

The last few months were good on in the passive income side of things. The dividends keep coming in. The savings rate was also surprisingly good for during a 9 week road trip (thank you tax returns).

The real estate did good too, but that update will come in July. Still working on the renovations, and assessments of the property, to find out what all has happened in terms of value. So no impact yet from all this on the Cheesy Index, other then rental income from the past months.

That being said, we are now at a Cheesy Index of 70.2%. Well what do you know?! We went up, despite the travels and loss of income :-). Got to love passive income!

Here are the latest stats:

June 2018 Cheesy Index

June 2018 Cheesy Index

Cheesy Index Forecast

July is going to get even more interesting as we just paid €12.000 to our contractor for insulating and stucco-ing two properties. This will increase it’s value, but by how much? Not sure.

We had a property value assessment done last week. A family member will likely buy the property in the coming months and we needed to agree on a reasonable market price. The value assessment was the most logical and independent solution. Added bonus, it can also be used to apply for a mortgage too.

However, this assessment is not in yet, so we kept the value of the property at what we invested in it. This should be lower than it’s actual market value. Hoping to see a jump in value for July and thus an (slight) increase in the Cheesy Index. Despite the massive bill we just paid…..

For August and onwards there are no upward jumps expected, downward is always a possibility with market movements. Assuming Mr. Market stays happy & stable, we expect a small but steady increase in the cheesy index going forward. But with a reduced (now single) income, it won’t go as fast anymore.

 

How about you? Did you go forwards or backwards in June with your net worth?

 

 

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Some good news again during March. We were able to increase our wealth just a tiny bit. Our real estate helped out a lot, the March savings rate not really, but overall we did well. Here is the March 2018 Cheesy Index update.

March 2018 Cheesy Index

In March the stock market continued to be rather volatile. To make matters worse, the exchange rates of the Canadian Dollar (CAD) versus the Euro (€) continued to go into the wrong direction. This had its impact on the value of our dividend portfolio and wealth.  But we are happy to report that the Cheesy Index still increased a tiny bit to 67.1%. We are now at the highest level of the year and erased most of the drops from the last two months.

Here are the latest stats:

March 2018 Cheesy Index

March 2018 Cheesy Index

Cheesy Index Forecast

As noted in last months’ Cheesy Index forecast, a lot of change is going to happen. My income will disappear, but I should still get some money in May (holiday allowance and 1 week of paid work; I was on a 4 week pay period in case you are wondering). As of June no money will be coming in. Mrs CF will have a partial pay in May (1 week unpaid leave) and virtually nothing in June (3 weeks of unpaid leave).

Fortunately the Dutch tax department was kind enough to give us our final tax assessment for 2015. Despite different earlier assessments, we still seem to get some money back. Almost €1.700 in fact. That’s good news! We should also get some money back for the 2017 tax year. It might actually even be enough to partially mitigate the loss in income from Mrs. CF. If all goes well, the Cheesy Index should even stay relatively stable throughout the coming 2-3 months, despite the travels. But it’s still is subject to market movements/exchange rates obviously!

In August we will likely see a drop, as the renovations on our real estate will be executed in July. Since these are expensive, a drop is inevitable. More to updates to follow after our 9 week road trip!

 

How about you? Did you go forwards or backwards in March?

 

 

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First off, thank you all for the well wishes on my post/tweets of quitting my job. The feedback, congratulations and tips/tricks for starting up a company are really appreciated! With all the excitement I almost forgot to write an update on the Cheesy Index (almost). So, before March is finally over, here is the February 2018 Cheesy Index.

February 2018 Cheesy Index

You might already have forgotten, but February was rather choppy in terms of the stock market. This had its impact on the value of our portfolio and wealth. To make matters worse, the exchange rates of the Canadian $ versus the € went into the wrong direction (again!). It’s not really a surprise that the Cheesy Index also did not really move much, heck it even went down! Albeit not by much, only 0.2%.

Here are the latest stats:

February 2018 Cheesy Index

February 2018 Cheesy Index

Cheesy Index Forecast

What to expect in the (near) future? Well we had our roof fixed (finally!), the final expenses where slightly under the quoted amount at about €1.180. A lot of money, but al least the final product is looking very good (and more importantly, it seems to work)! In the mean time we did see a slight decline in dividend stock portfolio, with another worsening of the exchange rate (how low can we go?).

On the bright side, Mrs CF got he annual bonus in March, real estate is still doing well and other than a broken car break (€180) and a broken dishwasher (still to be replaced), we had no major expense. There might be a slight chance that we are actually getting ahead again for March.

But once we go on our 9 week road trip in May/June and have the rental units insulated/stucco-ed in July, the Cheesy Index will definitely drop. The anticipated expense of the aforementioned are around €20.000. That is a heck of a lot of money! It will be spend wisely (at least we think so). But in the mean time, there will be a limited income (none for me and reduced income for Mrs. CF, as June will be partially unpaid for her too). Curious where we will end this summer in terms of the Cheesy Index.

However, there is some light at the end of the tunnel, as we will have one of the rental units assessed because of the sale to family. We have a sneaky suspicion that it might be worth more than we have accounted for. The other rental property next door would likely also be worth more. To be continued!

 

How about you? Did you go forwards or backwards?

 

 

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it’s time to talk about cheese: The Cheesy Index! These updates are so much fun to make, grabbing all the financials from all asset groups and seeing where we are on the path to FI.

January 2017 Cheesy Index

We ended 2016 with a record high 57.4% on the Cheesy Index. This was primarily due to a good stockmarket and lot’s of income in the last two months of 2016 (had very good savings rates too).

This month we are happy to report another increase! We are up to 58.2%, that’s 0.8% for the month. If we multiply that with 12, we should be able to add 9.6% to the Cheesy Index this year. If that were true, we would easily reach our target of 65% by the end of the year!

But it’s only January and we have not seen a market correction in quite some time. We are therefore very curious to see what will happen when a correction happens. Talking to other (non) bloggers about 2 weeks ago in Antwerp, the feeling appears to be horrible and you cannot really prepare (we have not lived through a correction that hit us financially). That does not boost well…

Exchange Rates

We correct our net worth (and therefore indirectly the Cheesy Index) for currencies. Each month we record the exchange rates at midnight of the last day of the month. These rates are used to calculate everything from wealth to dividends. We have been rather lucky in the last year as exchange rates have favoured our wealth number. But this cannot continue indefinitely. We are therefore anticipating a correction and therefore lower Cheesy Index growth rates this year. We still hope to reach our 2017 target, but we are mindful that the stockmarket and currency market need to be in our favour to make that happen. Our only benefit is our real estate, which does not fluctute as much. Time will tell!

How did you do financially in January? Did you also reach a record high?

 

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